Top officials have launched what appears to be a coordinated shift in tune in public remarks over the last couple weeks, particularly as the prospect of a worsening second wave of infections that could deal yet another blow to an already fragile economy becomes reality.
Atlanta Fed President Raphael Bostic said during a webinar this week that economic activity appears to be"leveling off at a level lower than we were pre-crisis, which might suggest there is going to be some loss or that the time required to recover might be quite a bit longer than we might have otherwise expected.”
The Fed’s June meeting minutes said a number of officials feared"a substantial likelihood of additional waves of outbreaks, which, in some scenarios, could result in further economic disruptions and possibly a protracted period of reduced economic activity."
pdacosta
They all dab at last.
pdacosta Starting to? Oh my. How many economists does it really take to screw in a lightbulb?
I wonder if wearing the damn masks could’ve prevented this too?
Market crash
Sure look like they have a game plan 😂
Don’t tell the stock market
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